The market system works by getting each person, motivated by his or her own self-interest, to produce products for other people

Indicate whether the statement is true or false

TRUE

Economics

You might also like to view...

Which of the following markets is likely to be a monopoly?

A) The market for patented nuclear medicines B) The market for wheat C) The market for smart phones D) The market for shower gel

Economics

Export promotion is widely regarding by economists as a positive role for government policy makers to play because it is very effective at promoting economic growth

Indicate whether the statement is true or false

Economics